How Much Will Your Retirement Cost?

Estimating how much income you will need in retirement — and determining whether
your current program of savings and investments can provide that income —
is a good start to developing a retirement plan. This calculator is designed to
help you estimate how much income you may need in retirement and the savings necessary
to produce that income.

Your Results

Examine these results carefully. As you can see, there is a lot of information to consider and the numbers may look large.

The annual income that you will need in your first year of retirement:

$0.00

When you begin retirement, you will need to have the following amount saved:

$0.00

Assuming no additional contributions, your current savings will grow to:

$0.00

Without additional savings, you will have a shortfall of:

$0.00

You will need to save the following percentage of your salary each year:

0%

In the first year, this works out to:

$0.00

The Cost of Procrastination

How much do you need to save each year to provide your desired retirement income?
This graph shows the amount you would have to save each year to work toward your
goal, at the rate of return you entered, if you started saving today, and if you
wait five years to start saving. As you can see, waiting just a few years can have
a substantial impact on the amount you need to save.

The amount accumulated if you started saving today is $0.00.
The amount accumulated if you save the same annual amount at the same annual return,
but wait five years to start is $0.00.

The information provided is not specific investment advice, a guarantee of performance, or a recommendation. Rates of return will vary over time, particularly for long–term investments. Investments offering the potential for higher rates of return also involve a higher degree of risk.

This hypothetical example is used for illustrative purposes only. Actual results will vary.

This information is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek advice from an independent tax or legal professional. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.

All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy.

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, Member FINRA/SIPC Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Sara S. Brandston and Cambridge Investment Research, Inc. are separate and unrelated companies. Registered Representatives of Cambridge Investment Research, Inc. may transact securities business in a particular state only if first registered, excluded or exempted from Broker-Dealer, agent or Investment Adviser Representative requirements. In addition, follow-up conversations or meetings with individuals in a particular state that involve either the effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made absent compliance with state Broker-Dealer, agent or Investment Adviser Representative registration requirements, or an applicable exemption or exclusion.